President Trump to Raise China Tariff to 157% on November 1

The announcement comes ahead of Trump’s meeting with President Xi next week and coincides with Bitcoin falling below $110,000.

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Terms & Concepts
  • Tariff: A tax imposed by a government on imported goods, designed to protect domestic industries or generate revenue.
  • Bitcoin: A decentralized digital currency that operates without a central bank, using blockchain technology for secure peer-to-peer transactions.
  • Blockchain: A distributed ledger technology that records transactions in a secure, transparent, and tamper-resistant manner.